Eqt's Customers Performance
EQT
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EQT's Source of Revenues |
In the Q4, Eqt Corporation's corporate clients experienced a deterioration by -16.5 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -3.51 %. During the corresponding time, Eqt Corporation revenue deteriorated by -41.29 % year on year, sequentially revenue grew by 72.24 %. While revenue at the Eqt Corporation's corporate clients fell by -12.83 % year on year, sequentially revenue grew by 41.82 %.
• List of EQT Customers
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Customers of Eqt Corporation saw their costs of revenue deteriorate by -16.5 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -3.51 %, for the same period Eqt Corporation revnue deteriorated by -41.29 % year on year, sequentially revenue grew by 72.24 %.
• List of EQT Customers
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Customers Net Income grew in Q4 by |
Customers Net margin grew to |
12.37 % |
5.93 % |
Eqt's Comment on Sales, Marketing and Customers
Natural Gas Sales: The Company’s produced natural gas is sold to marketers,
utilities and industrial customers located mainly in the Appalachian Basin and
a gas processor in Kentucky and West Virginia. Natural gas is a commodity and
therefore the Company receives market-based pricing. In addition, the market
price for natural gas in the Appalachian Basin experienced a decline relative
to the price at Henry Hub, which is the location for pricing NYMEX and natural
gas futures. Changes in the market price for natural gas, including basis, impact
the Company’s revenues, earnings and liquidity. The Company is unable
to predict potential future movements in the market price for natural gas, including
Appalachian basis, and thus cannot predict the ultimate impact of prices on
its operations; however, the Company monitors the market for natural gas and
adjusts strategy and operations as deemed to be appropriate. In order to protect
cash flow from undue exposure to the risk of changing commodity prices, the
Company hedges a portion of its forecasted natural gas production, most of which
is hedged at NYMEX natural gas prices.
Natural Gas Transmission, Storage and Marketing: Natural gas transmission and
storage operations are executed using transmission and underground storage facilities
owned and/or operated by the Company or the Partnership. EQT Energy provides
marketing services and third-party contractual pipeline capacity management
for the benefit of EQT Production and leases storage capacity in order to take
advantage of seasonal spreads where available. EQT Energy also engages in risk
management and energy trading activities, the objective of which is to limit
the Company’s exposure to shifts in market prices and to optimize the
use of the Company’s assets.
Customers of EQT Midstream’s gas transportation, storage, risk management
and related services are affiliates and third parties in the northeastern United
States, including, but not limited to, Dominion Resources, Inc., Keyspan Corporation,
NiSource Inc., PECO Energy Company and UGI Energy Services, Inc.
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Eqt's Comment on Sales, Marketing and Customers
Natural Gas Sales: The Company’s produced natural gas is sold to marketers,
utilities and industrial customers located mainly in the Appalachian Basin and
a gas processor in Kentucky and West Virginia. Natural gas is a commodity and
therefore the Company receives market-based pricing. In addition, the market
price for natural gas in the Appalachian Basin experienced a decline relative
to the price at Henry Hub, which is the location for pricing NYMEX and natural
gas futures. Changes in the market price for natural gas, including basis, impact
the Company’s revenues, earnings and liquidity. The Company is unable
to predict potential future movements in the market price for natural gas, including
Appalachian basis, and thus cannot predict the ultimate impact of prices on
its operations; however, the Company monitors the market for natural gas and
adjusts strategy and operations as deemed to be appropriate. In order to protect
cash flow from undue exposure to the risk of changing commodity prices, the
Company hedges a portion of its forecasted natural gas production, most of which
is hedged at NYMEX natural gas prices.
Natural Gas Transmission, Storage and Marketing: Natural gas transmission and
storage operations are executed using transmission and underground storage facilities
owned and/or operated by the Company or the Partnership. EQT Energy provides
marketing services and third-party contractual pipeline capacity management
for the benefit of EQT Production and leases storage capacity in order to take
advantage of seasonal spreads where available. EQT Energy also engages in risk
management and energy trading activities, the objective of which is to limit
the Company’s exposure to shifts in market prices and to optimize the
use of the Company’s assets.
Customers of EQT Midstream’s gas transportation, storage, risk management
and related services are affiliates and third parties in the northeastern United
States, including, but not limited to, Dominion Resources, Inc., Keyspan Corporation,
NiSource Inc., PECO Energy Company and UGI Energy Services, Inc.
EQT's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Eqt Corporation |
13,733.83 |
6,908.92 |
1,734.54 |
693 |
Centerpoint Energy Inc |
17,681.74 |
8,696.00 |
917.00 |
12,901 |
Conocophillips |
145,440.27 |
56,141.00 |
10,957.00 |
9,900 |
Devon Energy Corp |
30,420.92 |
15,412.00 |
3,825.00 |
1,600 |
Dte Energy Co |
22,624.79 |
12,745.00 |
1,397.00 |
10,300 |
Empire Petroleum Corporation |
123.41 |
37.42 |
-9.96 |
0 |
Williams Companies Inc |
45,465.66 |
10,907.00 |
3,303.00 |
4,783 |
Entergy Corporation |
21,784.16 |
12,147.41 |
2,362.31 |
12,369 |
Exxon Mobil Corporation |
454,884.48 |
344,582.00 |
37,354.00 |
63,000 |
Marathon Oil Corporation |
16,140.96 |
6,697.00 |
1,554.00 |
1,531 |
Nisource Inc |
11,915.07 |
0.00 |
0.00 |
0 |
Occidental Petroleum Corporation |
76,099.28 |
28,257.00 |
5,619.00 |
11,678 |
Sitio Royalties Corp |
3,767.95 |
526.21 |
99.73 |
1,745 |
Sunoco Lp |
6,537.21 |
23,068.00 |
824.00 |
22,500 |
Valero Energy Corp |
58,955.54 |
144,766.00 |
9,149.00 |
9,813 |
Xcel Energy Inc |
28,711.17 |
25,652.00 |
1,771.00 |
11,321 |
Southwestern Energy Company |
7,773.96 |
6,522.00 |
1,557.00 |
2,781 |
Intercontinental Exchange Inc |
75,956.85 |
10,222.00 |
2,438.00 |
8,858 |
Loews Corp |
17,547.69 |
15,901.00 |
1,545.00 |
10,340 |
Sea Limited |
32,287.24 |
12,449.71 |
-1,657.77 |
5,900 |
Oneok Inc |
37,730.99 |
17,677.00 |
2,659.00 |
2,847 |
Phillips 66 |
71,038.20 |
147,399.00 |
7,239.00 |
14,000 |
Kinder Morgan Inc |
39,789.85 |
15,334.00 |
2,486.00 |
10,529 |
Eversource Energy |
20,694.02 |
11,910.71 |
-434.72 |
9,227 |
Pdc Energy Inc |
6,524.40 |
4,220.27 |
1,850.54 |
395 |
Adams Resources and Energy Inc |
63.63 |
2,745.29 |
0.21 |
645 |
Ngl Energy Partners Lp |
785.72 |
7,375.81 |
60.41 |
2,700 |
Delek Us Holdings Inc |
1,955.58 |
16,917.40 |
46.70 |
1,326 |
Bp Plc |
670,800.01 |
213,032.00 |
15,880.00 |
0 |
The Aes Corporation |
10,586.06 |
12,668.00 |
-182.00 |
8,450 |
Cms energy Corporation |
16,967.91 |
6,921.00 |
886.00 |
9,778 |
Consolidated Edison Inc |
31,090.96 |
14,663.00 |
2,516.00 |
13,871 |
Constellation Energy Corporation |
54,873.00 |
26,395.00 |
761.00 |
11,696 |
Dominion Energy Inc |
46,512.53 |
17,769.00 |
1,717.00 |
17,100 |
Firstenergy Corp |
21,930.95 |
12,870.00 |
1,176.00 |
12,395 |
Pg and e Corp |
34,291.92 |
24,428.00 |
2,256.00 |
26,000 |
Ppl Corporation |
19,857.15 |
8,571.00 |
817.00 |
5,607 |
P10 Inc |
938.02 |
235.80 |
-1.04 |
27,780 |
Public Service Enterprise Group Incorporated |
31,990.04 |
11,237.00 |
2,563.00 |
12,684 |
Sempra |
44,659.29 |
16,720.00 |
3,618.00 |
15,390 |
The Southern Company |
76,223.16 |
29,117.00 |
3,144.00 |
27,300 |
Wec Energy Group Inc |
25,567.38 |
8,893.00 |
1,331.70 |
6,938 |
Chesapeake Energy Corporation |
10,001.92 |
8,721.00 |
2,419.00 |
0 |
Ameren Corporation |
18,929.10 |
7,500.00 |
1,157.00 |
9,116 |
Air Products And Chemicals Inc |
54,690.43 |
12,600.00 |
2,338.60 |
21,900 |
Berkshire Hathaway Inc |
492,047.10 |
349,271.00 |
77,710.00 |
0 |
Oil dri Corporation Of America |
476.63 |
427.95 |
43.53 |
797 |
Mdu Resources Group Inc |
4,539.31 |
4,657.34 |
414.71 |
9,598 |
Smart Sand Inc |
72.45 |
295.97 |
4.65 |
103 |
Arq Inc |
169.44 |
0.00 |
0.00 |
0 |
Cabot Corporation |
5,071.73 |
3,931.00 |
484.00 |
4,300 |
Lsb Industries Inc |
571.72 |
694.08 |
99.14 |
610 |
Sprague Resources Lp |
524.73 |
4,895.98 |
-99.44 |
600 |
American Electric Power Co Inc |
42,787.15 |
18,982.30 |
2,212.60 |
16,688 |
Chevron Corp |
292,337.70 |
200,949.00 |
21,411.00 |
42,595 |
Duke Energy Corporation |
73,350.54 |
29,060.00 |
2,874.00 |
27,605 |
Edison International |
26,541.84 |
16,338.00 |
1,407.00 |
13,003 |
Exelon Corporation |
36,412.31 |
21,727.00 |
2,328.00 |
31,518 |
Murphy Oil Corporation |
6,838.20 |
3,460.15 |
723.68 |
1,712 |
Cf Industries Holdings inc |
16,660.67 |
6,631.00 |
1,838.00 |
3,000 |
Dover Corporation |
24,512.23 |
8,437.63 |
2,326.83 |
25,000 |
Hess Corporation |
46,230.82 |
10,511.00 |
1,738.00 |
1,545 |
Nrg Energy inc |
14,857.14 |
28,823.00 |
-202.00 |
6,635 |
Marathon Petroleum Corporation |
79,267.03 |
148,379.00 |
11,172.00 |
17,700 |
Mosaic Co |
10,723.74 |
13,695.60 |
1,209.20 |
12,525 |
Meritor Inc. |
2,620.70 |
4,295.00 |
264.00 |
8,400 |
American Axle and Manufacturing Holdings Inc |
783.23 |
6,079.30 |
-33.60 |
13,050 |
Dana Inc |
1,712.92 |
10,555.00 |
48.00 |
22,600 |
Cooper standard Holdings Inc |
242.07 |
2,815.78 |
-203.32 |
29,000 |
Horizon Global Corp |
48.71 |
675.32 |
-91.22 |
2,700 |
Superior Industries International Inc |
70.67 |
1,477.41 |
-73.96 |
3,050 |
Omnitek Engineering Corp |
0.41 |
1.05 |
-0.17 |
11 |
China Green Agriculture Inc |
40.14 |
113.65 |
-18.12 |
17 |
Century Aluminum Company |
1,125.19 |
2,184.90 |
-52.30 |
1,778 |
Novelis Inc |
0.00 |
16,530.00 |
590.00 |
11,970 |
Remitly Global Inc |
3,651.23 |
944.29 |
-117.84 |
0 |
Titan International Inc |
781.30 |
1,820.85 |
83.71 |
600 |
Westlake Chemical Partners Lp |
796.41 |
1,190.79 |
334.63 |
141 |
Kaiser Aluminum Corporation |
1,262.76 |
3,141.30 |
13.20 |
2,760 |
Enpro Inc |
3,271.01 |
1,058.80 |
18.30 |
5,000 |
Vital Energy inc |
1,071.23 |
1,547.60 |
695.08 |
0 |
Riley Exploration Permian Inc |
587.15 |
375.05 |
111.59 |
0 |
Antero Midstream Corporation |
6,474.87 |
1,054.42 |
375.18 |
1 |
Blue Dolphin Energy Company |
69.54 |
400.52 |
31.81 |
10 |
Genesis Energy Lp |
1,310.48 |
3,177.00 |
146.35 |
1,200 |
Gaming And Leisure Properties inc |
11,947.34 |
1,440.39 |
755.37 |
940 |
Macquarie Infrastructure Holdings Llc |
367.53 |
480.12 |
2,681.71 |
3,600 |
Cvr Energy inc |
3,576.60 |
9,247.00 |
878.00 |
968 |
Icahn Enterprises l p |
6,569.83 |
15,395.00 |
390.00 |
14,258 |
Imperial Oil Limited |
38,950.76 |
39,042.25 |
3,744.97 |
5,600 |
Pbf Energy Inc |
7,232.61 |
38,324.80 |
2,162.00 |
3,165 |
SUBTOTAL |
3,691,167.71 |
2,425,183.61 |
279,736.97 |
815,347 |
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